Now that its $9.2 billion purchase of Safeway is complete, AB Acquisition has announced that Robert Miller, CEO of Albertsons since 2006, now will serve as CEO of Albertsons, New Albertsons and Safeway, the three entities owned by the company.
Robert Edwards, who was CEO of Safeway pre-merger and CEO of the merged companies since the deal was completed several months ago, now becomes vice chairman of the company.
Albertsons also announced "the restructuring of their executive leadership team, introducing the Office of the CEO to support the day-to-day operations of the company's 14 divisions and 2,200 stores. In addition to Miller, the Office of the CEO will be comprised of Wayne Denningham, Chief Operating Officer for all of the company's regions; Justin Dye, Chief Administrative Officer; and Shane Sampson, Chief Marketing & Merchandising Officer. Jim Perkins and Kelly Griffith will continue to serve as Executive Vice Presidents of Operations for the company's regions and will now report to Denningham."
Robert Edwards, who was CEO of Safeway pre-merger and CEO of the merged companies since the deal was completed several months ago, now becomes vice chairman of the company.
Albertsons also announced "the restructuring of their executive leadership team, introducing the Office of the CEO to support the day-to-day operations of the company's 14 divisions and 2,200 stores. In addition to Miller, the Office of the CEO will be comprised of Wayne Denningham, Chief Operating Officer for all of the company's regions; Justin Dye, Chief Administrative Officer; and Shane Sampson, Chief Marketing & Merchandising Officer. Jim Perkins and Kelly Griffith will continue to serve as Executive Vice Presidents of Operations for the company's regions and will now report to Denningham."
- KC's View:
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Inevitable. This is an Albertsons company, not a merged company, for the most part. So this isn't at all surprising.
By the way ... Bob Miller will deliver the keynote address at the annual Executive Forum sponsored by Portland State University's Center for Retail Leadership, scheduled for May 12 in Portland, Oregon ... and if you haven't made plans to go, I would urge you to make your reservations now. (FYI ... Michael Sansolo and I also are on the agenda. Michael will be doing a presentation about the "Forces of Change in Food Retailing," and I will be moderating a panel called "Follow The Money," in which we'll look at what the opportunities are in the food retail and manufacturing sectors, where the smart money is placing its bets, and what the impact could be on competition, the supply chain, technology, and consumers.) And there will be lots of movers and shakers there, as well as some of the region's most interesting food and beverage producers.
You can find out more about the conference here .... and I hope to see you there.
